On Our Radar

On Our Radar

Services Sector Wrap

During trading today, both the Services sector (IYC) and the S&P500 showed little movement.

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While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, IYC was up 2.4% over the last thirty trading days while the S&P 500 was down 4%.

Towers Watson & (TW) was a major loser in the sector, falling 11.7% (-$6.87) to close at $51.68 with 2.1 million shares moving. The stock traded between $50.57 and $55.20. The stock is down over the last three months, having fallen $11.66 (-18.4%) from $63.34 on May 17, 2012.

The Providence Service Corporation (PRSC) was a major gainer in the sector, rising 6.9% (+67 cents) to close at $10.43 with 137,952 shares moving. The stock traded in a range of $9.73 to $10.46. The stock has been sinking in the last two months, down $3.17 (-23.3%) from a price of $13.60 on June 15, 2012.

TriMas (TRS) fell 7.7% to close at $20.03, crossing its 50-day moving average of $20.35. Meanwhile, Home Inns & Hotels Management (HMIN) climbed 5% to close at $24.14, moving past its 200-day moving average of $23.57.

Netflix (NFLX) rose 3.1% to close at $61.76, approaching its 50-day moving average of $67.32. It has also moved closer to its 200-day moving average of $83.10. Fisher Communications (GPI) fell 3.7% to close at $32, moving closer to its 50-day moving average of $31.39. Also, the stock moved closer to its 200-day moving average of $52.31.

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Home Depot (HD) hit a new 52-week high today, reaching $54.98 to top the previous high of $54.28.